PPP Loan information for Magic city beverage co.

$462,300

Magic city beverage co. was initially approved for PPP Loan of amount $484,200, the current approved amount is $462,300. The loan was approved on 04/06/2020 by The First Western Bank & Trust reported 30 jobs and $462,300 was used to fund payroll.

Magic city beverage co. is Existing or more than 2 years old

PPP Loan Search / ND / MINOT / Magic city beverage co.

MAGIC CITY BEVERAGE CO.

Date Approved

04/06/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MAGIC CITY BEVERAGE CO.

Borrower Address

3025 Burdick Expressway E

Borrower City

MINOT

Borrower State

ND

Borrower Zip

58701-5208

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

484200.00

Current Approval Amount

462300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52905

Servicing Lender Name

First Western Bank & Trust

Servicing Lender Address

900 S Broadway

Servicing Lender City

MINOT

Servicing Lender State

ND

Servicing Lender Zip

58701-4658

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINOT

Project County Name

WARD

Project State

ND

Project Zip

58701-5208

CD

ND-

Jobs Reported

30

NAICS Code

424810

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

462300.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

465394.84

Forgiveness Date

12/14/2020

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